this post was submitted on 14 Nov 2024
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No Stupid Questions

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And what would happen if we did?

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[–] Boozilla@lemmy.world 90 points 3 days ago (9 children)

I like Bernie's idea of taxing every trade on the stock market.

[–] givesomefucks@lemmy.world 77 points 3 days ago* (last edited 3 days ago) (5 children)

Why that would be huge:

It would incentize the rich to hold stocks long term, this would lead to corporations thinking more than what profits are in 3 months.

Which translates to greater stability for other investors and job security for the people who work there.

But it's never going to happen as long as ~~Smaug~~ Pelosi and people like her who's main priority is personal wealth is running the Dem party. Because we all know Republicans will never support it.

But if we don't purge the Dem party of neo liberals, and fast, we're all fucked. We can't keep walking down the path of "the rich always get richer" like nothing is wrong.

Wealth is finite. And without taxes and regulations the people who already have a lot will always accumulate more faster than they can spend it.

With them hoarding all that wealth, no one else has any.

[–] aStonedSanta@lemm.ee 19 points 3 days ago

Not only that. It stops a lot of the AI micro trading bullshit

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